Lauren Bunting Broker MD & DE

Legislative bills to impact industry

Friday, May 10, 2024, Lauren Bunting

In 2024, the Maryland General Assembly convened on Jan. 10 and adjourned on April 8.

Maryland Realtors issued a recap of all the pertinent legislation affecting the real estate industry. Below is the summary of the real estate brokerage, licensing and contract related legislation that passed, all effective Oct. 1.

HB 143/SB 46 Condominiums - Sales Contracts - Asbestos Disclosure: A unit owner must provide a statement, no later than 15 days prior to closing, on their knowledge of the presence of asbestos in the unit and whether abatement has been performed during the occupancy of the owner.

HB 486/SB 125 Residential Property Sales - Contract Disclosures - Superfund Sites: Sellers of a property located within 1 mile of a National Priorities List (NPL) Superfund site shall include an addendum to the contract that includes information on NPL Superfund sites. Buyers may void the contract and refund money paid to the seller within five days.

HB 520/SB 461 State Real Estate Commission - Complaints - Advertising Violations: Complaints filed with the commission alleging an advertising violation may be made anonymously and not under oath, but must be accompanied by documentary or other evidence.

HB 709/SB 462 Licensed Real Estate Brokers - Branch Offices: This bill authorizes a licensed real estate broker to designate himself or herself as the manager of a branch office maintained by the licensed real estate broker.

HB 1308 Recordation of Instrument With False Information - Quiet Title: This bill prohibits a person from recording a deed or other instrument knowingly containing false information, including information related to the ownership of the property.

SB 423 Real Property - Recordation – Procedures: Upon request, the treasurer, tax collector, or director of finance for a county will provide a certificate outlining any taxes, assessments, and charges due to the county against a property.

SB 542 Real Estate Brokers - Brokerage Agreements - Requirements: This bill requires that written brokerage agreements state the amount of compensation offered in terms of a percentage, dollar amount, or both; whether compensation will be sought from another party; and the process when the amount of compensation offered and received differs.

SB 564 Real Estate Brokers - License Renewals and Continuing Education: Real estate licensees will be required to submit continuing education classes 30 days prior to license expiration. Those submitted less than 30 days prior will be subject to additional fees. Continuing education provider submission times are restored to 14 days.

Lauren Bunting is a Broker with Keller Williams Realty of Delmarva in Ocean City, Maryland.

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Thank you so much for all of your hard work. We are so excited to move into the perfect house for us, and couldn't have done it without your guidance.

Megan and Brandon Cater

My friend was right, you are the hardest working realtor, bar none. I honestly don't think that I would have gotten through this house selling process without you.

Brenda Burbage

Lauren made first time homebuying extremely approachable, and took the time to educate me on everything involved in the process.

Amanda Hanke and Keri Swigert

Thank you for all of your hard work and dedication that made this purchase possible. You advocate for your clients and I highly regard you for it. You made it possible for me and my family to achieve our goal of homeownership.

Tom Harutyunyan

Thank you so much for the very wonderful, professional job you did with selling our property. You will always be special to me.

Penny Carley

We want to say a sincere "Thank You" for all you've done for us! We know at times the road seemed never ending. Thank you for always staying positive even through our ups and downs of this process. We appreciate all you do!

Mike and Patty Locke

Lauren's extensive knowledge of the local real estate market proved to be invaluable during the purchase of our first home.

Allison Shockley and Patrick Molloy

Lauren is very easy to work with. She has helped me sell and buy homes in the area and has always been hard working and professional.

Jennifer K. Leggour

Lauren went through tremendous lengths to look out for us every step of the way all the way to the very end. If you are in need of a real estate agent who will treat your transaction as if it were their own and provide you with nothing less than A+ service you will be in good hands with Lauren.

Shireen and Mark Ambush

We were referred to Lauren by a good friend, and we couldn’t have been placed in better hands. Lauren went above and beyond in every way, throughout the entire process.

Liz Young

Lauren Bunting was our realtor when we recently sold two homes- one in Maryland and the other one in Delaware. To say we were very satisfied with all she did for us is an understatement!

Janet and Bruce Lathbury

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